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MEXICO: USDMXN Falls 0.4% As Sheinbaum Says Foreign Investments Safe

MEXICO
EM BulletMexicoBulletGlobalEmerging Market NewsRegion
  • The peso has reacted positively to Sheinbaum’s first address as president as she says the government should have a responsible fiscal policy, that judicial reform will give autonomy to the judiciary, and that foreign investments will be safe in Mexico.
  • USDMXN is now down 0.4% on the day at 19.61, having traded as high as 19.8295 earlier during the missile attacks on Israel.
  • Next key support to watch lies much lower at 19.1994, the 50-day EMA
    • "*SHEINBAUM SAYS MEXICO GOVERNMENT AUSTERITY SHOULD CONTINUE"
    • "*MEXICO'S SHEINBAUM TO PROMOTE PUBLIC AND PRIVATE INVESTMENT"
    • *MEXICO JUDICIAL REFORM TO GIVE AUTONOMY TO JUDICIARY: SHEINBAUM" - BBG
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  • The peso has reacted positively to Sheinbaum’s first address as president as she says the government should have a responsible fiscal policy, that judicial reform will give autonomy to the judiciary, and that foreign investments will be safe in Mexico.
  • USDMXN is now down 0.4% on the day at 19.61, having traded as high as 19.8295 earlier during the missile attacks on Israel.
  • Next key support to watch lies much lower at 19.1994, the 50-day EMA
    • "*SHEINBAUM SAYS MEXICO GOVERNMENT AUSTERITY SHOULD CONTINUE"
    • "*MEXICO'S SHEINBAUM TO PROMOTE PUBLIC AND PRIVATE INVESTMENT"
    • *MEXICO JUDICIAL REFORM TO GIVE AUTONOMY TO JUDICIARY: SHEINBAUM" - BBG